Tuesday, December 17, 2013

These 7 corporate rip-offs will make you want to scream

These 7 corporate rip-offs will make you want to scream

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snip

1. Corporations Profit from Food Stamps
It’s odd to think about billion-dollar financial institutions objecting to cuts in the SNAP program, but some of them are administrators of the program, collecting fees from a benefit meant for  children and other needy Americans, and enjoying subsidies of state tax money for services that could be performed by the states themselves. They want  more people on food stamps, not less. Three corporations have  cornered the market: JP Morgan, Xerox, and eFunds Corp.
According to a JP Morgan  spokesman, the food stamp program “is a very important business to JP Morgan. It’s an important business in terms of its size and scale…The good news from JP Morgan’s perspective is the infrastructure that we built has been able to cope with that increase in volume..”

2. Crash the Economy, Get Your Money Back. Die with a Student Loan, Stay in Debt.
The financial industry has  manipulated the bankruptcy laws to ensure that high-risk derivatives, which devastated the market in 2008, have  FIRST CLAIM over savings deposit insurance, pension funds, and everything else.

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